Uber’s flexible model provides a lot of benefits for their drivers, as well as customers.
Some new work by Jonathan Hall and Alan Krueger at NBER shows the value of that flexibility to their driver-partners. Uber drivers come in from a range of backgrounds, with most driving a few hours part-time rather than full-time. Rules requiring big licensing regimes for drivers can break that: the higher the fixed costs of being a driver, the more that Uber will look like a regular cab company with full time drivers rather than flex-time responsiveness.
Unfortunately, Parliament’s Transport Committee really seems to have not the slightest clue about the industry they are charged with regulating. MPs there seem never to have used the service and don’t get how it differs from traditional cabs. That is more than a little worrying when it’s their rules that will either let Uber work well here…
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Utopia, you are standing in it! 
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